Surfnet AS
ASActiveOrg 930747785Stemmane 32F, 4636 Kristiansand SComputer programming activities· NACE 6210Est. 2022 · 3 years old5 employees
Loading company…
Overview
Surfnet AS is a Norwegian AS based in Kristiansand S, operating in the Computer programming activities sector. Incorporated in 2022, the company has 5 employees and reported revenue of NOK 10.7m in its latest annual filing.
Revenue 2025
10.7M NOK
+19392% vs 2024
EBITDA margin
−22.0 %
−659% vs 2024
Net profit 2025
-3.5M NOK
-1037% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
27.2 %
WeakAmong the 40% lowest rated companies in the industry
20232025
Liquidity ratioCurrent assets ÷ Short-term debt
1.5×
AverageAround the average of companies in the same industry
20232025
Return on assets (ROA)Net profit ÷ Total assets × 100
-42.1 %
Very weakAmong the 20% lowest rated companies in the industry
20232025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 10.7M NOK | +19392% |
| EBITDA | -2.4M NOK | -659% |
| Net profit | -3.5M NOK | -1037% |
| Total assets | 8.3M NOK | +249% |
| Equity | 2.3M NOK | +2% |
| Employees | 5 | — |
Company information
Legal name
SURFNET AS
Org number
930747785
Legal form
Aksjeselskap
NACE code
Founded
21 October 2022 · 3 years
Share capital
NOK 49,241
Employees
5 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder alene. Daglig leder alene.
Company purpose
Levere tjenester, innenfor internettløsninger, samt investere i andre selskaper.
(no translation available)
Address
Stemmane 32F, 4636 Kristiansand S
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2025), Surfnet AS reported revenue of NOK 10.7m, an increase of 19392% on the year before. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a net loss of NOK 3.5m, and the EBITDA margin stood at -22%.
At the end of 2025, equity financed 27.2% of the balance sheet, and current assets covered short-term debt 1.5 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 10,721 | 55 | 0 |
| Staff expenses | -966 | -179 | -0 |
| EBITDA | -2,359 | -311 | -52 |
| Depreciation & amort. | -775 | -0 | -0 |
| EBIT | -3,134 | -311 | -52 |
| Net financials | -372 | 3 | 0 |
| Profit before tax | -3,506 | -308 | -52 |
| Tax | -0 | -0 | -0 |
| Net profit | -3,506 | -308 | -52 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total assets | 8,320 | 2,386 | 39 |
| Equity | 2,260 | 2,220 | 28 |
| Long-term debt | 0 | 0 | 0 |
| Short-term debt | 2,282 | 167 | 11 |
| Total debt | 6,060 | 167 | 11 |
Financial ratios
5-year trendEBITDA margin
-22.0 %
20232025
Equity ratio
27.2 %
WeakAmong the 40% lowest rated companies in the industry
20232025
Return on equity
-155.1 %
Very weakAmong the 10% lowest rated companies in the industry
20232025
Net profit margin
-32.7 %
WeakAmong the 30% lowest rated companies in the industry
20232025
Asset turnover
1.29×
StrongAmong the 30% highest rated companies in the industry
20232025
Debt / equity
2.68×
WeakAmong the 30% lowest rated companies in the industry
20232025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginWeak
Among the 30% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginWeak
Among the 30% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Very weak
Among the 10% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Very weak
Among the 20% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very weak
Among the 10% lowest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Very weak
Among the 20% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioAverage
Around the average of companies in the same industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioAverage
Around the average of companies in the same industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioWeak
Among the 40% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityWeak
Among the 40% lowest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalVery weak
Among the 10% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 40% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioWeak
Among the 40% lowest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 30% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery weak
Among the 20% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery weak
Among the 20% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 30% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 40% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 20% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 20% lowest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverStrong
Among the 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 20% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery weak
Among the 10% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
AB Chief Executive Officer | Chief Executive Officer | 2024 |
Former (1)
KO Chief Executive Officer | Chief Executive Officer | 2023 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
AB Chairman | Chairman | 2024 |
Former (2)
KO Chairman | Chairman | 2023 – 2024 |
AI Chairman | Chairman | 2024 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 25% | 25% | 2025 | |
| Company | 16.49% | 16.49% | 2025 | |
| Company | 10% | 10% | 2025 | |
| Company | 9% | 9% | 2025 | |
| Company | 8.5% | 8.5% | 2025 | |
| Company | 7% | 7% | 2025 | |
Redesear Sl | Company | 5% | 5% | 2025 |
| Company | 5% | 5% | 2025 | |
| Company | 3% | 3% | 2025 | |
| Company | 2% | 2% | 2025 | |
| Company | 38.73% | 38.73% | 2024 | |
| Company | 100% | 100% | 2023 |
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
4tau Holding As16.494%Westgaard Holdco As8.5014%Nuett As10%Memo Chartering & Invest As8.5014%Muon Holding As9.0015%Redesear Sl5%Flaa Capital As38.73%Koa Invest As100%
Surfnet AS (this company)Surfnet Mdu AS100% ownedBoard network connections
Board members of Surfnet AS also hold positions in 61 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Anders Iglebekk | Chairman | 30 companiesMany roles |
| Kjell Olav Aa | Chief Executive Officer | 23 companiesMany roles |
| Anders Berge-Westgaard | Chief Executive Officer | 8 companiesMany roles |
Frequently asked questions
What is the Org number of Surfnet AS?
Surfnet AS is registered with Brønnøysundsregistrene under Org 930747785.
What is the revenue of Surfnet AS?
Surfnet AS reported revenue of NOK 10.7m in 2025.
How many employees does Surfnet AS have?
Surfnet AS employs 5 people as of the latest annual report.
Who is the CEO of Surfnet AS?
Anders Berge-Westgaard is the CEO of Surfnet AS, in role since 2024.
Who is the chairman of Surfnet AS?
Anders Berge-Westgaard chairs the board of Surfnet AS, in role since 2024.
Where is Surfnet AS headquartered?
Surfnet AS's registered address is Stemmane 32F.